Here's my idea on GOLD looking at it from the 4H chart but overall from multiple time-frames the metal remains net long for example on the monthly GOLD is respecting the currently rallying towards Fibonacci ext level 1.618 ( 1855.12 ) which is just below the all time high of 1926.49 could we see a rise or even a break of this level its very possible as I've mentioned GOLD is one of those CFD'S that has kept on hitting HH despite negative data releases or even the ongoing pandemic.
The metal broke 1798.267 pushed down to retest the structure currently trading in a which could be signalling continuation to the upside, looking for the to hold by seeing a break above of the structure for continuation to the upside. a break below will change the hole trading plan so kindly look out for updates on gold ...
Good luck and happy trading everyone
ENTRY & SL - FOLLOW YOUR RULES
PERIOD - SWING TRADE
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT